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analysis of general obligation bond debt retirement, along with analysis of other funding <br />options including the following: <br />• Admission taxes up to 5% (RCW 35.57.100 and RCW 36.100.210); <br />Parking taxes up to 10% (RCW 35.57.110 and RCW 36.100.220); <br />• Revenue bonds. <br />• User charges and fees. <br />Next steps. Providing the BoCC accepts staff -s proposal setting possible district <br />boundaries, then additional financial forecasting seems prudent addressing the issue of <br />sufficient operations and maintenance ftmding. Beginning with work done by <br />UKCCRCA estimating likely operations and maintenance expense, staff could work with <br />the Treasurer's Office forecast sales and use excise tax generated in the proposed district. <br />A similar effort could be conducted for lodging tax (once an answer is provided on <br />stacking lodging tax within the district). A similar effort could also be conducted <br />estimating the probable debt service and interest payments on general obligation bond <br />debt. Once this mass of financial data is produced and evaluated, PW will return to the <br />BoCC with a proposal for funding the required Commerce feasibility study along with a <br />detailed timeline supporting formulation of the district. <br />FISCAL IMPACTS: <br />Undetermined at this time. <br />ATTACHMENTS: <br />EXHIBIT 1: RCW 43.110.030, 43.110.080 <br />EXHIBIT 2: COMPILATION OF PREVIOUS FEASIBILITY STUDY TABLE OF <br />CONTENTS <br />Page 3 of 5 <br />Public Works "Work Session Staff Report", 2023 <br />